# LIVINGSTON SECURITIES, LLC X-17A-5 (2023-03-30) — Broker-dealer annual report
- Company: LIVINGSTON SECURITIES, LLC
- Form: X-17A-5
- Filed: 2023-03-30
- Period: 2022-12-31
- Accession: 0001435253-23-000003
- CIK: 1435253
- File #: 8-67901
- Type: Broker-dealer
- Material weakness: No
- Auditor: Ohab and Company, P.A.
- Auditor location: Maitland, FL
- Contact: Scott Livingston
- Phone: 212 520 8481
- Email: scott@livingstonsecurities.com
- Website: livingstonsecurities.com
- Signed by: Scott Livingston (Chief Executive Officer)
Original filing: https://www.sec.gov/Archives/edgar/data/1435253/000143525323000003/lsecpublic.pdf
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# LIVINGSTON SECURITIES LLC
STATEMENT OF FINANCIAL CONDITION
DECEMBER 31, 2022
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| 3 Carrent of the Research a | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 that to the to | | OMB Number: 3235-0123
Expires: Oct. 31, 2023
Estimated average burden
hours per response: 12 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------------------|
| | ANNUAL REPORTS 1988 (Cr affir | | SEC FILE NUMBER |
| | FORM X-17A-5 | | 8-67901 |
| The Production Come To
HO a 8 8 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 | PART III | | |
| ਾ ਤਾਂ 1 ad in Waster Courty
CAPE 3000 E 12495 227 26, 23 | FACING PAGE | | |
| Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | |
| FILING FOR THE PERIOD BEGINNING | 01/01/2022 | AND ENDING | 12/31/2022 |
| Not Fry Musine | MM/DD/YY | | MM/DD/YY |
| THE PE CON. PAR hat R = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = | | | |
| (8) 21 11 8 16 00 00 00 0 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
NAME OF FIRM: = + = = = = | Livingston Securities LLC | | |
| (c) Statement of Income Anal ar, & Che "comprehensive income the Jensyllay programed, a statement of
TYPE OF REGISTRANT (check all applicable boxes): a on 5-XJ. | | | |
| - Broker-dealer - L Security-based swap dealer - L Major security-based swap participant | | | |
| ( Check here if respondent is also an OTC derivatives dealer or Unradi with of variety ( variety of it is a
if it plement of changes in Fault as suhordination to clamms of creditors | | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | |
| 626 RexCorp Plaza, Suite 603, West Tower | | | |
| വ സ്വീപം എന്നും സമ്പാന പ്രാവസ്റ്റ് 1458 (No. and Street) - | · mination of security-based swap reses | | |
| Uniondale ~ 18-4. 35 = | NY | | 11556 |
| 1) Corrychologico . 10 lurte (City)th. Cho securements uncilistate('24 A 10 x 100 x 1 x 10 x 1 | | | (Zip Code) |
| | | | |
| | | | |
| jany kneralation relating to posses show or cristical requirements for customers werer 1. 6 AR 240.15c3-3
I PERSON TO CONTACT WITH REGARD TO THIS FILING to security bosse was concert \$ uncer 11 CFR | 212-520-8481 | | |
| Scott Livingston
(Name) des 17 CF 8 242.15- 1 1 12 R 2 (Area Code = Telephone Number) as Bell (Email Address) Nove 10 generation bande 2 | | | port with scott@livingstonsecurities.com |
| | B. ACCOUNTANT IDENTIFICATION | | |
| nery of financial date for pacies not consolidated in the statement of financily againtenn | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing * 140 300 7, as squor 2010 | PH 240.176-5 01 17 CFP. 240 180 7 ps applicelne | | |
| Ohab and Company, P. A. 240 173-5 or 17 Cr7: 240 : 04-7, 15 Absusse | | | |
| ്ലബ്ബി putsh and and and (Name-if individual, state last, first, and middle name) പ്രവിവരുടെ പ | | | |
| 100 E. Sybelia Ave, Suite 130, Maitland The Box 34 FL B T 32751 | | | |
| (Address) Light Decountain's Page t anse on City) (2400) (2007) Mater State) of the car(Zip Code) apart ander 27 | | 1838 | |
| 7-28-2004 C19 260 : Sa-7, as &c:strable
(Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) |
| A Pasche net 41 reports on ups press agrees . FOR OFFICIAL USE ONLY . con alle 17 CFR 240.15ca-1e or 13 CR 240.174-12.
Tax 1 1 2 2 2 . | | | |
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#### OATH OR AFFIRMATION
| Scott Livingston
swear (or affirm) that, to the best of my knowledge and belief, the |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| financial report pertaining to the firm of Livingston Securities LLC
as of
12/31
, 2 022 _ is true and correct. I further swear (or affirm) that neither the company nor any |
| partner, officer, giane M. Verson, as the case may be, has any proprietary interest in any account classified solely |
| as that 여성남양역대Blic, State of New York |
| No. 02VE5063839 |
| Signatures
Simmission Expires July 29, 2024 |
| |
| |
| Chief Executive Officer |
| |
| Notary Public
TANK . PRODUCT . COM . COM . CON . |
| This filing** contains (check all applicable boxes);} one de sales with and and orders and the ma |
| [a] Statement of financial condition. 1988 [a] condition dealing and management of the fi |
| (b) Notes to consolidated statement of financial condition ( try cl s a i) . - de gov |
| (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of |
| comprehensive income (as defined in § 210.1-02 of Regulation S-X). |
| [ (d) Statement of cash flows. |
| [e) Statement of changes in stockholders' or partners' or sole proprietor's equity. |
| ا (f) Statement of changes in liabilities subordinated to claims of creditors. |
| _ (g) Notes to consolidated financial statements. |
| |
| (i) Computation of tangible net worth under 17 CFR 240.18a-2. |
| Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. |
| |
| Exhibit A to 17 CFR 240.18a-4, as applicable. |
| (1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. |
| m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. |
| □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR |
| 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
_ |
| worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 |
| CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences |
| exist. |
| (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. |
| Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. |
| (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| = (t) Independent public accountant's report based on an examination of the statement of financial condition. |
| [ (u) Independent public accountant's report based on an examination of the financial statements under 17 |
| CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. |
| (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 |
| CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| _ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 |
| CFR 240.18a-7, as applicable. |
| (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, |
| as applicable.
[] (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or |
| a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). |
| Ü (z) Other: |
| |
| ** To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(3) or 17 CFR 240.180-7(d)(2), as
applicable. |
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## LIVINGSTON SECURITIES, LLC
### DECEMBER 31, 2022
## TABLE OF CONTENTS
| Report of Independent Registered Public Accounting Firm | |
|---------------------------------------------------------|--|
| Statement of Financial Condition | |
| Notes to the Financial Statement | |
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100 E. Sybelia Ave. Suite 130 Maitland. FL 32751
Certified Public Accountants Email: pam a ohabco.com
Telephone 407-740-7311 Fax 407-740-6441
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Member's of Livingston Securities, LLC
#### Opinion on the Financial Statement
We have audited the accompanying statement of financial condition of Livingston Securities, LLC as of December 31, 2022, and the related notes (collectively referred to as the "financial statement"). In our opinion the fiven cal statement presents fairly, in all material respects, the financial position of Livingston Securities, LLC as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America.
#### Basis for Opinion
This financial statement is the responsibility of Livingston Securities, LLC's management. Our responsibility is to appress an opinion on Livingston Securities, LLC's financial statement based on our audit. We arenally accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Livingston Securities, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures hat respond to those risks. Such procedures included examining, on a test basis, evidence regarding the anounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
We have served as Livingston Securities, LLC's auditor since 2022.
Maitland, Florida
March 29, 2023
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## LIVINGSTON SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2022
#### ASSETS
| Cash
Clearing deposit
Securities owned, at fair value
Commission receiveable
Other assets | ക | 208,425
100,000
18,400
10,948
13,327 |
|-------------------------------------------------------------------------------------------------------|-----|--------------------------------------------------|
| Total assets | ക്ക | 351,100 |
| LIABILITIES AND MEMBER'S EQUITY | | |
| Liabilities: | | |
| Accounts payable | ക | 60,257 |
| Deferred revenue | | 6,500 |
| Due to related parties (Note 4) | | 62,689 |
| Total liabilities | | 129,446 |
| Commitment and Contengencies (Note 5) | | |
| Member's equity | | 221,654 |
| Total liabilities and member's equity | ക | 351,100 |
See notes to the financial statements.
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## 1. Organization and Significant Accounting Policies (con't)
## Agreement with clearing broker
The Company under Rule 15c3-3 (k)[2](ii) is exempt from the reserve and possession or control requirements of Rule 15c3-3 of the Securities and Exchange Commission. The Company does not carry or clear customer accounts. Accordingly, all customer transactions are executed and cleared on behalf of the Company by its clearing broker on a fully disclosed basis. The Company's agreement with its clearing broker provides that as clearing broker, that firm will make and keep such records of the transactions effected and cleared in the customer accounts as are customarily made and kept by a clearing broker pursuant to the requirements of Rule 17a-3 and 17a-4 of the Securities and exchange Act of 1934, as amended (the "Act"). It also performs all services customarily incident thereon, including the preparation and distribution of customer's confirmations and statements and maintenance margin requirements under the Act and the rules of the Self Regulatory Organizations of which the Company is a member.
## Cash and cash equivalents
For the purposes of the statement of cash flows, the Company considers money market funds with original maturities of three months or less to be cash equivalents.
## Estimates
The preparation of financial statement in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
## Income Taxes
The financial statement doesn't include a provision for income taxes because the Company is not a taxable entity and its member is taxed on its respective share of the Company's earnings.
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{9}------------------------------------------------
## 1. Organization and Significant Accounting Policies (con't)
## Basis of Accounting and Trading and Valuation of Securities (continued)
Observable inputs are those that market participants would be use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company's assumption about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows:
Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and blockage discounts are not applied to Level 1 securities. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.
Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable. Either directly or indirectly.
Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
### 2. Fair Value of Financial Instruments
The Company's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Company's significant accounting policies in Note 1.
Assets utilizing level 1 inputs include two equity positions valued at \$18,400 as of December 31, 2022. The Company did not have any level 2 or 3 assets as of December 31, 2022.
### 3. Net Capital Requirements
Pursuant to the net capital provisions of Rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. At December 31, 2022, the Company had net capital of \$205,567 and net capital requirement of \$100,000. The Company's net capital ratio (aggregate indebtedness to net capital) was 0.63 to 1. According to Rule 15c3-1, the Company's net capital ratio shall not exceed 15 to 1.
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#### 4. Commitments and Related Party Transactions
The Company is provided office space and facilities from its Related Entity under as expense sharing agreement. Under the agreement the Company is required to reimburse the Related Entity 90% of the costs to utilize common office space, personnel and administrative services. The Company incurred a total of \$32,109 to this related entity for the year ended December 31, 2022.
The Company has a payable of \$51,092 to a Related Entity and has a payable of \$11,597 to its Parent as of December 31, 2022.
The parent provided \$800,000 of capital contributions to the Company during the year 2022.
## 5. Financial Instruments, Off-Balance Sheet Risk and Contingencies
In the normal course of business, the Company's client activities, through its clearing broker, involve the execution, settlement and financing of various client securities transactions. These activities may expose the Company to off- balance sheet risk. In the event the client fails to satisfy its obligations, the Company may be required to purchase or sell financial instruments at prevailing market prices in order to fulfill the client's obligations.
The Company has receivables from and deposits with its clearing broker as shown on the accompanying statement of financial condition. These amounts are not covered by SIPC and are subject to loss should the clearing broker cease business.
The Company's financial instruments, including cash, clearing deposit, commission receivable, other assets, accounts payable, due to related parties and deferred revenue are carried at amounts that approximate fair value due to the short-term nature of those instruments.
The Company maintains its cash in one financial institution. At times, the amount on the deposit at this institution may exceed the maximum balance insured by the Federal Deposit Insurance Corporation ("FDIC").
{11}------------------------------------------------
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